<TABLE> <S> <C>

<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM EDUCATIONAL
DEVELOPMENT CORP. AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED> 
       
<S>                             <C>                     <C>                     <C>                     <C>
<PERIOD-TYPE>                   YEAR                   3-MOS                   6-MOS                   9-MOS
<FISCAL-YEAR-END>                          FEB-29-1996             FEB-28-1997             FEB-28-1997             FEB-28-1997
<PERIOD-START>                             MAR-01-1995             MAR-01-1996             MAR-01-1996             MAR-01-1996
<PERIOD-END>                               FEB-29-1996             MAY-31-1996             AUG-31-1996             NOV-30-1996
<CASH>                                         215,963                 204,600                  53,000                   8,100
<SECURITIES>                                         0                       0                       0                       0
<RECEIVABLES>                                2,819,384               2,607,700               2,755,100               3,003,800
<ALLOWANCES>                                   228,000                 241,900                 253,400                 270,100
<INVENTORY>                                 11,776,138              10,092,000              10,017,200               8,893,400
<CURRENT-ASSETS>                            15,437,504              13,399,200              12,997,400              11,919,100
<PP&E>                                       1,156,414               1,044,400               1,160,100               1,263,500
<DEPRECIATION>                                 341,052                 249,900                 307,300                 373,800
<TOTAL-ASSETS>                              16,257,968              14,203,400              13,864,800              12,823,300
<CURRENT-LIABILITIES>                        9,526,080               7,095,700               6,399,400               4,874,500
<BONDS>                                              0                       0                       0                       0
<PREFERRED-MANDATORY>                                0                       0                       0                       0
<PREFERRED>                                          0                       0                       0                       0
<COMMON>                                     1,079,648               1,084,900               1,084,900               1,084,900
<OTHER-SE>                                   5,652,240               6,022,800               6,380,500               6,863,900
<TOTAL-LIABILITY-AND-EQUITY>                16,257,968              14,203,400              13,864,800              12,823,300
<SALES>                                     19,253,467               5,685,100              10,714,800              16,994,000
<TOTAL-REVENUES>                            19,253,467               5,685,100              10,714,800              16,994,000
<CGS>                                        8,083,221               2,288,900               4,316,900               6,672,700
<TOTAL-COSTS>                               15,116,797               4,779,100               8,795,100              13,561,300
<OTHER-EXPENSES>                               860,786                 271,900                 569,900                 902,900
<LOSS-PROVISION>                                60,000                  15,000                  30,000                  45,000
<INTEREST-EXPENSE>                             297,849                 124,300                 225,900                 306,200
<INCOME-PRETAX>                              2,918,035                 494,800               1,093,900               2,178,600
<INCOME-TAX>                                 1,112,700                 191,700                 433,100                 862,700
<INCOME-CONTINUING>                          1,805,335                 303,100                 660,800               1,315,900
<DISCONTINUED>                                (326,621)                      0                       0                       0
<EXTRAORDINARY>                                      0                       0                       0                       0
<CHANGES>                                            0                       0                       0                       0
<NET-INCOME>                                 1,478,714                 303,100                 660,800               1,315,900
<EPS-PRIMARY>                                      .33                     .06                     .13                     .25
<EPS-DILUTED>                                      .28                     .06                     .12                     .25
        

</TABLE>